11851 Jollyville RdAustin, TX 78759

Property Details for 11851 Jollyville Rd

Property size (Sq ft)

3,173 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This exceptional investment opportunity presents a 3,173 square foot medical office building in Austin, Texas, currently 100% occupied by a credit-rated dental tenant. The property is offered at $1,625,000, representing a compelling $512.13 per square foot price and a 7.75% capitalization rate based on a Net Operating Income (NOI) of $126,000. The tenant, a well-established dental practice backed by a large, private equity-funded dental group with over 700 locations nationwide, holds a Net Lease (NNN) agreement with minimal landlord responsibilities. The lease includes a 5-year option with a 5% rent bump, demonstrating the tenant's long-term commitment to the location. Situated at 11851 Jollyville Rd, Austin, TX 78759, this property benefits from its location in an affluent area with an average household income exceeding $128,654 within a 3-mile radius and a population exceeding 99,400 within the same area. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity for discerning buyers seeking a stable, high-yielding asset in a thriving market. The building consists of a single unit and offers significant upside potential.

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.4232

Longitude

-97.7555

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